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Yes, the IRS has one more day to send $ 600 incentive checks. What you need to know now



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For many, receiving a second stimulus check before January 15 will be a race against time.

Sarah Tew / CNET

Time is running out for the IRS and the US Treasury every second stimulus controls. After Friday, they must stop automatically issuing checks based on information of your taxes for 2019. Believe it or not, the deadline is part of it December’s Incentive Act. While the agencies have worked quickly to send payments, it can be checks for $ 600 or more that for some reason don’t become calculated by the IRS or by the Treasury in time for the 15 Jan. Stimulus control cut off.

It may be that some incentive payments will a catch with direct deposit and must be returned to the IRS and eventually diverted. Or maybe there is some other problem that is slowing delivery. So if you qualify for a stimulus check and don’t get your payment by the end of next week (we allow some flexibility for the US postal service), there are some things you want to know, such as how the deadline could put the delivery date far behind if you will not receive your incentive money quickly.

We also explain what you need to know about receiving an incentive payment through direct deposit, paper checks and EIP cards. We will also discuss how a delay from here could affect the second stimulus timeline. Here’s how track the status of your stimulus check, follow your payment to your mailbox and what we know about one third stimulus check in front of up to $ 2,000 per person. This story was recently updated.

Is there a reason for the January 15 deadline for the stimulus check?

The writers of the legislation have not explained why they have one January 15th closing date to send incentive payments, but that only gave the IRS and the Treasury a total of 17 days to issue more than 100 million incentive checks. That’s two days less than the time it took for the IRS to start sending the first stimulus check after that bill passed in March (it was 19 days for the record).

Tax season, with both the IRS and the Treasury heavily involved, typically starts mid to late January and continues through April 15, and can factor into the January 15 deadline.

read more: Stimulus Check Formula Decoded: This is why you got what you did.

What is the delivery timeline of the stimulus check if your payment is not canceled?

If you don’t have your full second stimulus check money shortly after January 15th this does not mean that you are unlucky in claiming your rightful incentive money. But it does mean that your payment can be delayed for months.

That’s because you’ll have to take the extra step of claiming all or part of the missing amount when you file your federal tax return this year as a Refund Discount. You can also claim any money the IRS still owes you from the first round of checks as part of the credit.


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Second stimulus checks: everything you need to know


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Some people who received their incentive payment via direct deposit have run into trouble. If you experience any problem or delay with any payment method – again that is EIP cards, paper checks and direct deposit – it means you have to go the extra mile to make a claim.

It’s not entirely clear how soon the IRS will do it Refund Discountbut the process of making a second incentive check dependent on the 2020 tax return will almost certainly delay payment for many, especially as circumstances mean that some people will file taxes as early as January and others as late as April 15, or even later if they must apply for an extension.

read more: Just do us a favor and avoid this stimulus scam, okay?

2 Smart Ways to Track Your $ 600 Stimulus Check

The IRS has reopened it online Get My Payment tracking tool with information about the second payment round. With the free to use portal, those who qualify for a check can see the status of both the first and second payment. The website is available in English and Spanish. You can also use a free tool from the USPS to track the movements of your check to your mailbox.

Direct down payments can still come in until Friday

The IRS sent the first direct deposits on December 29, and as far as we can tell, the IRS and the Treasury will continue processing bank transfers. People who have encounter problems with direct deposit that are not resolved before Friday address them during the 2020 tax season.

While most Eligible Persons you don’t have to do anything to receive the second payment – provided the IRS has already registered your bank or mailing information – you also can’t sign up for direct deposit or do much to correct your bank details if you’ve closed an account. If the IRS can’t deliver your payment, you must claim it on your taxes.

Paper Checks and EIP Cards: Why They May Not All Make the Line

If the IRS does not have your current direct deposit information on file, payment will be sent as a check or EIP debit card in the mail. Again, it’s not clear if the IRS has time to deliver the tens of millions of payments by January 15 in such a short amount of time. According to a June government report, the IRS was able to process between 5 and 7 million per week with the first stimulus check.

Here’s how you can track your status with the IRS and follow your second stimulus check to your mailbox, free of charge, to set your expectations and avoid accidentally throwing it away. If you recently moved, tell the IRS and USPS.

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How you receive your second stimulus check can also affect how quickly your payment arrives.

Sarah Tew / CNET

Speaking of EIP cards, chances are you will get one this time

The IRS makes 8 million payments through one Economic impact Payment prepaid debit card, the agency told CNET in an email. That’s twice the number sent for the first stimulus check. Even if you paid with a paper check the first time, this time many more people can receive a debit card. On the other hand, some people who last received a debit card may receive a paper check.

The IRS warns that those who qualify but do not receive a direct deposit should do so Check out their post for a check or EIP debit card. The debit cards will arrive in a white envelope with the seal of the United States Treasury Department, the IRS said.

What’s the longest you have to wait for your new stimulus check?

People who use their second stimulus check in the mail – either as a paper check or a prepaid debit card – must look for a payment anytime from now until January 15th. According to the Treasury, 22% of payments as of last summer were made as paper checks and another 3% as prepaid debit cards.

You will have to after January 15th claim all the money the IRS owes you with your 2021 tax return. This can further delay your stimulus control, as the timing depends on:

  • When filing your taxes for 2020, the deadline could be April 15, unless you are applying for an extension.
  • How long it takes for the IRS to process your tax return, which may include your second incentive check.
  • If there are any complications in your particular scenario that could further delay your check.

We keep an eye on the situation, which is constantly evolving. Here’s how now calculate your estimated total for up to $ 600 per person.


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